shri gang industries announced its standalone un-audited financial results for the quarter ended June 30, 2026, during a Board of Directors meeting held on August 06, 2026. The meeting, which commenced at 03:00 P.M. and concluded at 3:55 P.M., also saw the appointment of M/s Mohan Gupta & Co., Chartered Accountants, as the company’s Internal Auditor for the financial year 2026-2027. These decisions were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial results were recommended by the Audit Committee and subsequently approved by the Board. Pursuant to Regulation 33 of the SEBI Listing Regulations, the company enclosed the standalone un-audited financial results along with the limited review report issued by the Statutory Auditors of the Company. The disclosure was made in compliance with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Internal Auditor Appointment

The Board appointed M/s Mohan Gupta & Co., Chartered Accountants, as the Internal Auditor for a term of one year for the financial year 2026-2027. The appointment was effective from August 06, 2026, with terms decided mutually between the auditor and the company. The firm, established in 1986, provides Assurance & Advisory, Tax & Regulatory, and Risk Advisory services. There are no disclosed relationships between the directors and the appointed firm.

Kanishka Jain, Company Secretary and Compliance Officer, signed the disclosure letter addressed to BSE Limited.

Sarvashaktiman Traders Private Limited has increased its shareholding in Shri Gang Industries and Allied Products Limited to 6.64% of the post-allotment fully diluted paid-up share capital. The acquisition was executed on June 06, 2026, through the conversion of 0.01% Compulsorily Convertible Preference Shares. This strategic move follows the provisions of Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquirer converted preference shares aggregating to ₹8,54,52,500 into 11,24,375 equity shares at an issue price of ₹76 per share. Prior to this transaction, Sarvashaktiman Traders Private Limited held 3,50,000 equity shares, which accounted for 1.75% of the total share capital and 1.58% of the total diluted share capital. The conversion of these instruments has significantly altered the acquirer's position within the target company's ownership structure.

Details of shareholding

The disclosure filed with BSE Limited outlines the shift in ownership percentages before and after the acquisition. The total voting capital of the target company before the transaction was ₹19,98,00,000, divided into 1,99,80,000 equity shares of ₹10 each. Post-acquisition, the equity share capital rose to ₹21,23,90,550, comprising 2,12,39,055 equity shares. The total diluted share capital after the allotment stands at ₹22,21,75,060, divided into 2,22,17,506 equity shares.

Regulatory compliance

The disclosure confirms that Sarvashaktiman Traders Private Limited does not belong to the promoter or promoter group of the target company. The mode of acquisition was specifically the allotment of equity shares pursuant to the conversion of Compulsorily Convertible Preference Shares. The intimation of allotment was received on June 06, 2026. The filing was submitted by Ashish Singh Chauhan, Director of Sarvashaktiman Traders Private Limited, to ensure compliance with the Takeover Regulations.